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its own police force, no income tax, no sales tax, no capital gains tax to all the property tax and no federal regulation. it sounds good to me. the man behind it joins us now from honduras. you came on the show a year ago to discuss the idea of a free city and its thousand you have made progress. >> we made considerable progress. we expect we will be able to break ground within 30 days after the honduran government finalizes the legislation identifying the regions and also appointing a governor. john: already the honduran legislature passed the bill authorizing the general principles 126-1. they are behind it. >> incredibly popular. congress realizes the best hope for prosperity is to create a special development regions. model that the special development regions that have been so spectacularly successful in china which has cities scale special development regions. also dubai which had 110-acre region that had its own legal system that imported british common law "by international financial center which resulted in billions of dollars of capital flowing in and one of the greatest fin
its own police force, no income tax, no sales tax, no capital gains tax to all the property tax and no federal regulation. it sounds good to me. the man behind it joins us now from honduras. you came on the show a year ago to discuss the idea of a free city and its thousand you have made progress. >> we made considerable progress. we expect we will be able to break ground within 30 days after the honduran government finalizes the legislation identifying the regions and also appointing a...
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market economy underground economy that has to get pulled back up as well they've got to be paying taxes so there's got to be you know reformed and whether you want to call it a stereo or not i think someone's got to go through and try and change the system which unfortunately is almost politically impossible right because it's so hard to get the votes to do that so i think we keep this limber lumbering around and you've got the banks at one side demanding their bailouts the people demanding their bailouts and at some point it's all going to give the actually less we are going to get is i can say with you and i think it's really interesting is that you know the people on the ground unemployed people see all the banks bailed out the financial sector bailed out politicians protected i mean i know it's very popular but people say now how about me but bail me out and i know i know that's nonsensical on many ways but i can understand how people feel that way. yeah and again i think that's why at least in spain they've got to take this concept of bankia but make it more they've got to get rid
market economy underground economy that has to get pulled back up as well they've got to be paying taxes so there's got to be you know reformed and whether you want to call it a stereo or not i think someone's got to go through and try and change the system which unfortunately is almost politically impossible right because it's so hard to get the votes to do that so i think we keep this limber lumbering around and you've got the banks at one side demanding their bailouts the people demanding...
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infrastructural investment and it's turned it over to the financial sector which in effect imposes a tax on the rest of the economy because we have to pay an economic rent to these commercial banks in order to pay for our infrastructure i mean the system is just an absolute unmitigated disaster and i can't see how we can reform it when essential finance at this point literally owns it i mean they they control it absolutely whether it's the united states or whether it's the european union peter go ahead jump in go ahead yeah and it's not just europe i think you know we kind of ignore a lot in the u.s. but the fed now owns forty percent of all treasury bonds that are five years and longer the fed basically is the single largest investor in u.s. treasury bonds it controls the shape of the yield curve all these things that we used to take as kind of free markets the fed now controls and then they're ingenious they say oh look there's no inflation expectations based on the yield curve yet they're the ones who control the yield curve so i think it's not just europe where you've got the central
infrastructural investment and it's turned it over to the financial sector which in effect imposes a tax on the rest of the economy because we have to pay an economic rent to these commercial banks in order to pay for our infrastructure i mean the system is just an absolute unmitigated disaster and i can't see how we can reform it when essential finance at this point literally owns it i mean they they control it absolutely whether it's the united states or whether it's the european union peter...
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Oct 9, 2012
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and they're going to see higher taxes. that's a lump of coal for any anniversary. rather than focus on the negatives in alcoa, focus on the fact they have asian exposure, european exposure. focus on the positives. financial engineering is back in this market. some of the parts for a company like alcoa exceed the value. >> you're making excuses for alcoa even before the ceo comes on. i like that. bob, what do you make of the action? put it in perspective, five years compared to now. >> the dow jones industrial average went from 1500 to 750. that was cut in half. that certainly was a disaster. >> you mean the s&p? >> the s&p, excuse me, bill. nonetheless, bottom line is holding on from that point to here, you can say, yeah, does buy and hold still work? that's what everybody's interested in. i think the evidence is it certainly does, but you have to have long periods of time to look at it. i'm not so impressed that we're not anywhere where we were 12 years ago. if you invested on a regular basis from now through the bottom, i think you'll find you have not done so ba
and they're going to see higher taxes. that's a lump of coal for any anniversary. rather than focus on the negatives in alcoa, focus on the fact they have asian exposure, european exposure. focus on the positives. financial engineering is back in this market. some of the parts for a company like alcoa exceed the value. >> you're making excuses for alcoa even before the ceo comes on. i like that. bob, what do you make of the action? put it in perspective, five years compared to now....
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Oct 4, 2012
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he cannot cut tax rates, cut taxes on the middle class, cut taxes on capital gains, and balance the budget all at once. >> reporter: romney advisers have said they would consider eliminating tax breaks on at least two forms of saving, life insurance and muni bonds. and the governor's supporters argue tax cuts generate enough growth to offset some of their cost. >> people can have reasonable disagreements about the magnitude of that growth effect, but to assume that it is zo, i think, is wrong. and once you relax that assumption, then, all of a sudden, other things start to be possible. >> reporter: but it's hard to be sure about the impact of tax cuts on the economy, which is why the experts in congress and the treasury who are responsible for estimating the cost of tax changes generally ignore the impact of tax reforms on the entire economy. darren gersh, nbr, washington. >> susie: here on wall street, traders and investors were taking a fresh look at stock sectors today, assessing what a romney or obama win would mean for the markets. so a lot of talk about minutes from the latest federa
he cannot cut tax rates, cut taxes on the middle class, cut taxes on capital gains, and balance the budget all at once. >> reporter: romney advisers have said they would consider eliminating tax breaks on at least two forms of saving, life insurance and muni bonds. and the governor's supporters argue tax cuts generate enough growth to offset some of their cost. >> people can have reasonable disagreements about the magnitude of that growth effect, but to assume that it is zo, i...
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Oct 7, 2012
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federal income, state sales tax, property tax cab gas tax, over 50% of what they earned. and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. >> what is main street's reaction? we have two of our most outspeaken regulars here to discuss. app entrepreneur and best-selling author, find him at rural 1 investing upon the com. carol roth, can you find her at carolroth.com. good to you you guy he. >> you too, j. >> i think it is clear that romney ran all over obama. from a small business owner's perspective he addressed the issues we have not seen addressed offer the laugh four years. most notably, how are we going to get this economy growing again because from a small business owner's perspective, that is what is going to get them hiring and make them more successful. if the economy grows, more people are buying from them. there's more confidence, and it is just a self fulfilling prophecy. >> what we are dealing with here, four years -- apart from what presi
federal income, state sales tax, property tax cab gas tax, over 50% of what they earned. and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. >> what is main street's reaction? we have two of our most outspeaken regulars here to discuss. app entrepreneur and best-selling author, find him at rural 1 investing upon the com. carol roth, can you find her at carolroth.com....
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financial networks that have all of this capital of aiding taxation we have to have a tobin tax and we'll find actual and currency transactions and we need to jack wages up in line with productivity that's something we haven't done for the past forty years labor has just not received its share of productivity consequently what we've had to do is we've had to rely on credit whether it be in the public sector or in the private sector to purchase all of the goods that we can produce it would be a travesty and i would even say it's the height of stupidity to just try incur tale demand at a time when we're not soaking up all of the productive capacity that we have already you know peter it's interesting to note already noted in this program is that the rich have just gotten richer but i don't see anything coming from them to give something back from a system that's made them so fabulously rich but no they just want to get richer and richer. you know but that's well to me what this country was based on and i think it's how else do you progress i think you know one of the things i look at
financial networks that have all of this capital of aiding taxation we have to have a tobin tax and we'll find actual and currency transactions and we need to jack wages up in line with productivity that's something we haven't done for the past forty years labor has just not received its share of productivity consequently what we've had to do is we've had to rely on credit whether it be in the public sector or in the private sector to purchase all of the goods that we can produce it would be a...
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Oct 2, 2012
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if certain tax cuts are allowed to expire. the report says 90% of households would see higher federal taxes. you can learn more about the fiscal cliff and why it matters, go to our website: www.nbr.com. nokia is on track to team up with major software-maker oracle. the finnish cell phone company is giving oracle access to its mapping services. financial details of the deal were not disclosed. but the move comes as nokia recently signed mapping deals with groupon, and amazon. last week apple's c.e.o. apologized for the shortcomings of its new map service. >> susie: and american express has agreed to pay millions of dollars in refunds to settle accusations from regulators that it deceived customers. the violations include: unlawful late fees, misleading consumers about debt collection, and age discrimination. amex will pay more than $100 million in fines, and give payouts to about 250,000 customers. consumers that qualify will receive payments by next march. >> tom: the early optimism by investors and traders faded throughout to
if certain tax cuts are allowed to expire. the report says 90% of households would see higher federal taxes. you can learn more about the fiscal cliff and why it matters, go to our website: www.nbr.com. nokia is on track to team up with major software-maker oracle. the finnish cell phone company is giving oracle access to its mapping services. financial details of the deal were not disclosed. but the move comes as nokia recently signed mapping deals with groupon, and amazon. last week apple's...
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Oct 10, 2012
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if corporate taxes were lowered so u.s. businesses could better compete globally. he also said his bank is assembling a war room to prepare for the coming fiscal cliff of spending cuts and tax increases that's slated to hit the economy this january. looks like steve balmer's tax bill will be smaller, the microsoft c.e.o. bonus was choped in half as the online services division failed to meet the board's growth charges. according to a regulatory filing, ballmer's bonus was cut to just over $600,000. microsoft shares fell slightly today, to just under $29 a share, still they're up 13% on the year. and finally tonight, as we focus on retail and the upcoming holiday season, what do you get for the person who has everything? how about his very own jet pack, perfect for shooting off to those last minute meetings. if that's not your speed, $354,000 will hook you up with a special edition mcclaren 12c spider, one of just 12 made. you guessed it, the neiman marcus christmas book is hot off the presses, with lots of over- the-top, on
if corporate taxes were lowered so u.s. businesses could better compete globally. he also said his bank is assembling a war room to prepare for the coming fiscal cliff of spending cuts and tax increases that's slated to hit the economy this january. looks like steve balmer's tax bill will be smaller, the microsoft c.e.o. bonus was choped in half as the online services division failed to meet the board's growth charges. according to a regulatory filing, ballmer's bonus was cut to just over...
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Oct 3, 2012
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ever had to predict our forecast, because there's never been this level of uncertainty in terms of tax andt spending policy really in our history. >> reporter: his organization, the national retail federation, is forecasting a 4.1% gain. but the international council of shopping centers is more cautious, predicting an increase of less than 3%. shoppertrak and deloitte fall in the middle. some of the differences can be blamed on conflicting economic signs. higher home prices and stock prices are boosting consumer confidence. >> people are always looking for something to give them a real sort of positive outlook, something to make them feel better. shopping is pretty much one thing to make most people feel better if they can. >> reporter: but job growth is weak, and food and gasoline prices are rising. with so much uncertainty, you can expect to see lots of holiday promotions. but tv ads will come later. >> in normal years, we'd already start to see some holiday advertising taking place now. but because of the political elections that are coming up and the campaigns, there's virtually no
ever had to predict our forecast, because there's never been this level of uncertainty in terms of tax andt spending policy really in our history. >> reporter: his organization, the national retail federation, is forecasting a 4.1% gain. but the international council of shopping centers is more cautious, predicting an increase of less than 3%. shoppertrak and deloitte fall in the middle. some of the differences can be blamed on conflicting economic signs. higher home prices and stock...
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lowest corporate taxes or among the highest corporate taxes in america? >> i'm -- >> highest corporate taxes in america right now, right? >> highest corporate tax rate in the world right now. >> it's not that much higher than our competitors. in fact, it's lower than many competitors. stop talking about the rates. >> that's not true. >> we know it's mislead. it's effective tax burden on corporations, which is well in line with our european and asian competitors. >> isn't it true that small businesses, which of course as we all know are the real creators of jobs, will pay the ordinary income tax? if you're going to raise ordinary income tax on people making more than $200,000, that's going to hit small businesses and choke off that part of the job creation. >> that's right, maria. the top individual tax rate have a huge amount of small business income. if romney would cut the top individual rate from 35 to 25%, for example -- >> which would help small business. >> small businesses would be benefitted by that. >> bill, that's something john thain said, the
lowest corporate taxes or among the highest corporate taxes in america? >> i'm -- >> highest corporate taxes in america right now, right? >> highest corporate tax rate in the world right now. >> it's not that much higher than our competitors. in fact, it's lower than many competitors. stop talking about the rates. >> that's not true. >> we know it's mislead. it's effective tax burden on corporations, which is well in line with our european and asian...
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>> we have one guy, mitt romney says let's lower the tax rate to 25%. we need that in america but that obama who lot of people don't like what it comes to that strategy. 28%. what is 3% among ceo tie-ins but he says 25% for manufacturing, industry. a lot of republicans don't like industrial policy. i am not saying you should or shouldn't agree with that or disagree but both of these candidates want to help manufacturing whether by industrial policy or more bigger government area or lower the rate. [talking over each other] cheryl: alan mulally would love it if it were 25%. stamping chicago back in may doing gangbuster business. mitt romney wants to do it but obama also wants to do it. the difference is things not in manufacturing. you get 25%, if we could get down to 25 this is going to work. i don't think you should politicize your investment portfolio. dave: no solution the opportunities. [talking over each other] dave: america's top c e os are more pessimistic than in years so why is there outlook dampening and what do they think will turn things aro
>> we have one guy, mitt romney says let's lower the tax rate to 25%. we need that in america but that obama who lot of people don't like what it comes to that strategy. 28%. what is 3% among ceo tie-ins but he says 25% for manufacturing, industry. a lot of republicans don't like industrial policy. i am not saying you should or shouldn't agree with that or disagree but both of these candidates want to help manufacturing whether by industrial policy or more bigger government area or lower...
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Oct 8, 2012
10/12
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when he said he didn't propose 5 million in tax cuts he was dishonest. he said to 70 million americans i will repeal obama care but i will still be able to cover people with preexisting conditions. 10 minutes after the debate he sent someone in he really didn't mean that. he said i want more teachers. i love teachers. it was a few weeks ago he chastised the president saying we don't need more teachers we don't need more government. yes i would say he was dishonest? >> would you go so far as he lied? >> i am saying he was dishonest with his answers. you can take that however you want. >> the romney campaign issuing their own attacks on the performance. gillespie said romney delivered facts the president couldn't. >> the problem we have is the debate performance wasn't a matter of style it was a matter of substance. romney laid out a plan for turning this economy around and getting things moving again. he had a fact based critique of president obama's failed policies that the president was unable to respond to. and today and since then the obama campaign t
when he said he didn't propose 5 million in tax cuts he was dishonest. he said to 70 million americans i will repeal obama care but i will still be able to cover people with preexisting conditions. 10 minutes after the debate he sent someone in he really didn't mean that. he said i want more teachers. i love teachers. it was a few weeks ago he chastised the president saying we don't need more teachers we don't need more government. yes i would say he was dishonest? >> would you go so far...
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Oct 4, 2012
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are definitely better than higher taxes. i don't dispute that. nobody disputes that. all else isn't equal. if you finance those tax cuts for the rich with huge amounts of debt as george w. bush did and as mitt romney is proposing, you're going to end up with slower growth. that's what we've got over the last ten years. there's no reason to believe any different. >> with we certainly have that over the last three years. >> exactly. >> let me ask you this, diana. >> pause, pause, pause. timeout. when the president took office, the economy was contracting by 9% annual. it's now growing. don't tell me the economy is growing slower than when the president took office. that's not true. >> in the last year and the year before. the last three years is what i'm referring to. >> the last three years we've had growth. i agree the growth hasn't been strong enough. >> right. diana, do you think we could see a 75% tax rate here if, in fact, the president gets re-elected? would what's happening in france carry over here? is it the same ide
are definitely better than higher taxes. i don't dispute that. nobody disputes that. all else isn't equal. if you finance those tax cuts for the rich with huge amounts of debt as george w. bush did and as mitt romney is proposing, you're going to end up with slower growth. that's what we've got over the last ten years. there's no reason to believe any different. >> with we certainly have that over the last three years. >> exactly. >> let me ask you this, diana. >> pause,...
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formula one racing is far from the concerns of most ordinary greeks two years of constant taxes have drastically increased the number of families who can't even afford to raise their children he's put on a reports now on a charity trying to shield young people from the crisis. to young to understand why but on the frontline of the debt crisis rampant unemployment in greece and the slashing of social benefits has left their parents with money to provide even their most basic of needs for may seem unthinkable has happened these children are being taken into care. for during the past two years we have seen a large rise in the number of children coming to us because their families can't support them because taxis and prices have risen things like food clothing schooling and housing have become too expensive. before the financial crisis this children's village which is run by the organization s.o.'s children usually looked after kids who'd been the victims of abuse now they say almost all new cases are as a result of the debt crisis this center privately funded through donations is also f
formula one racing is far from the concerns of most ordinary greeks two years of constant taxes have drastically increased the number of families who can't even afford to raise their children he's put on a reports now on a charity trying to shield young people from the crisis. to young to understand why but on the frontline of the debt crisis rampant unemployment in greece and the slashing of social benefits has left their parents with money to provide even their most basic of needs for may...
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Oct 9, 2012
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separate taxes from parallel taxes. it was enacted to enoccur wealthy individuals work its way down the income chain. romney wants do away with it all together. obama could like to replace it. he would like to replace it it requires millionaires making over a million collars would be kiered to pay 30 percent in taxes. >> in a city like new york your stackses are going to go up and you will be paying 30 percent. >> if you make a physical boll lashes in new york you are considered making nothing. >> that is confusing. s is now 25 after the hour. president obama said they were an example of rebounding the economy. after making chevy volt batteries one plant is seeing anything but green. after supporting romney and ryan another celeb has a message for hollywood. >> quarter pounder, chicken? no? >> quarter pounder. look at this. look at this. quarter pounder. >> you know we all know campaign karl. he is on the pain with rit romney. mitt romney trying to convince romney to eat the burger. he is panning out burgers. lots of ph
separate taxes from parallel taxes. it was enacted to enoccur wealthy individuals work its way down the income chain. romney wants do away with it all together. obama could like to replace it. he would like to replace it it requires millionaires making over a million collars would be kiered to pay 30 percent in taxes. >> in a city like new york your stackses are going to go up and you will be paying 30 percent. >> if you make a physical boll lashes in new york you are considered...
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Oct 8, 2012
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overall taxes that they pay and the overall tax plan would be tax neutral. i mean, it would be revenue neutral. the other piece is you mentioned this other story -- >> the story is specifics, hasn't it? >> i'll keep going back to this to seep the record straight. you all talking about this story that mitt romney had been saying and reported in other places that this is a new softer side of mitt romney. he's been telling that story for months. and so, i mean, this is all just sort of a generated media narrative that he is coming up with all sorts of new policies and new touching stories. this is, you know, what's great about last week is it's our opportunity to present an unfiltered mitt romney versus an unfiltered barack obama and the choice was houistorically. >> let's ask you then about specifically what the panelist talked about, the thing that a lot of analysts are watching is are the polls going to move in the swing states? it is early to tell. the jobs numbers may factor in to this. can mitt romney move the polls in a place like ohio? where before the
overall taxes that they pay and the overall tax plan would be tax neutral. i mean, it would be revenue neutral. the other piece is you mentioned this other story -- >> the story is specifics, hasn't it? >> i'll keep going back to this to seep the record straight. you all talking about this story that mitt romney had been saying and reported in other places that this is a new softer side of mitt romney. he's been telling that story for months. and so, i mean, this is all just sort of...
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i will not raise taxes on small business and not raise taxes on middle income families. >> reporter: he will spend a little more time in florida and campaign here tomorrow and he has been doing a bit of debate prep with rob portman, the senator from ohio and his debate sparring... playing the role of mr. obama and, monday, big foreign policy speech at the virginia military institute in virginia, and criticizing the president on foreign policy with specific criticisms of the way in which the administration handled the attack on the u.s. consulate in benghazi, libya, meant to signal romney will continue to attack the president on the economy, and jobs, but, also on foreign policy and all of the issues, of being commander-in-chief. in the 2012 campaign. >> arthel: thank you very much, a big crowd waiting for mitt romney and the president had no public events today but his campaign says that it has noted stopped him from shattering a major record. carl mentioned this earlier. september fund-raising ended at $181 million. topping his previous record by nearly $70 million. it's the biggest
i will not raise taxes on small business and not raise taxes on middle income families. >> reporter: he will spend a little more time in florida and campaign here tomorrow and he has been doing a bit of debate prep with rob portman, the senator from ohio and his debate sparring... playing the role of mr. obama and, monday, big foreign policy speech at the virginia military institute in virginia, and criticizing the president on foreign policy with specific criticisms of the way in which...
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Oct 9, 2012
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two-thirds of manufacturers pay taxes as as corporations, pay the individual tax rate. if you raise taxes on the supposedly wealthy in this country, what you're doing is you're distancing thing manufacturers from investing and creating jobs. retail is the same way. small businesses matter in this country. they are the job creators and we cannot penalize them for taking risk and creating jobs. >> you are also worried about the deficit. clearly america has large and ever-growing deficits. you propose a tax cut. that's deficit spending. >> wait a minute. first of all, this is a two-step deal. everybody knows we need the big deal and we talk about that in 30 seconds. but we're not going to get to the big deal by jumping off the bridge. and what we are saying is it is not the right thing to do you have the largest tax increase in history of america and to have $1.2 trillion worth of spending cuts that don't even look at medicare and medicaid. across the board without thinking through what this big deal is going to be. and anybody from either party hould come to a realization
two-thirds of manufacturers pay taxes as as corporations, pay the individual tax rate. if you raise taxes on the supposedly wealthy in this country, what you're doing is you're distancing thing manufacturers from investing and creating jobs. retail is the same way. small businesses matter in this country. they are the job creators and we cannot penalize them for taking risk and creating jobs. >> you are also worried about the deficit. clearly america has large and ever-growing deficits....
WHUT (Howard University Television)
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Oct 3, 2012
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he pays 13% in taxes. he says the most important thing is to cut the tax rates at the top for the. it is mind-boggling that we have this kind of blatant candidacy. people are hurting, people are upset. that is why this weirdness even has a choice. but it would take as exactly in the wrong direction. president obama could have done more and would have done more if the republican opposition had not blocked the end of the bush era tax cuts for the rich, for example. so romney is in quite a position to be blaming president obama for that when it is exactly this side that has made the kind of recovery we need so fleeting and evanescent. we need a strong recovery, but the policies he is recommending would be the opposite of what would get us there. tavis: on the domestic front, he is hitting president obama offer not overseeing a more pronounced recovered. on the foreign-policy front, he is hitting him on a lack of resolve. i go to the second paragraph that i read, making the republican argument that this president lacks a result. when you do that, it invites all kinds of activity around
he pays 13% in taxes. he says the most important thing is to cut the tax rates at the top for the. it is mind-boggling that we have this kind of blatant candidacy. people are hurting, people are upset. that is why this weirdness even has a choice. but it would take as exactly in the wrong direction. president obama could have done more and would have done more if the republican opposition had not blocked the end of the bush era tax cuts for the rich, for example. so romney is in quite a...
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we might see a doubling or more of the tax rate on dividends. might that not hurt the dividend stocks? >> great question. a couple things we look for once we have these fundamental requirements met is specifically requiring that the price is up trending to better refine purchase decisions and at the same time provide potential outlets of discipline in the event of the market turns against us and we could see a lot of volatility later in the year in fiscal disfunction remains on going. it is the concern of a lot of business owners and job creators and certainly something to keep our eyes on. dave: a lot more coming. good to see you both. thank you. appreciate it. even a liberal economist calling today's jobs numbers a statistical fluke. dean baker, co-director of the center for economic policy research getting a lot of press for put in cold water on these numbers. drink up spiritsmaker constellation brand. they're stocking a new all-time high following its earnings release. the good times keep flowing. the ceo joining us straight ahead. we are he
we might see a doubling or more of the tax rate on dividends. might that not hurt the dividend stocks? >> great question. a couple things we look for once we have these fundamental requirements met is specifically requiring that the price is up trending to better refine purchase decisions and at the same time provide potential outlets of discipline in the event of the market turns against us and we could see a lot of volatility later in the year in fiscal disfunction remains on going. it...